Henry Steinberg Of EQT Real Estate Acquires Industrial Portfolio From Hiew Yoon Khong For $241.2M

Mapletree Investments sold a 2.4 million square foot, 10-property industrial portfolio located across Florida, Georgia, and Texas to EQT Real Estate for $241.2 million. The transaction amounted to a price per square foot of $101, with closing expected later this year.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $241,200,000
• Buyer: Henry Steinberg - EQT Real Estate
• Seller: Hiew Yoon Khong - Mapletree Investments
• Total Square Footage: 2,400,000
• Market: Florida, Georgia & Texas

This transaction highlights Henry Steinberg's role as the buyer representing EQT Real Estate, while Hiew Yoon Khong represented the seller, Mapletree Investments. Notably, this sale follows a recent $328 million sale by Mapletree of a 30-property, 1.8 million square foot shallow bay portfolio to Faropoint earlier this month.